Tuesday, July 5, 2016

Buy Gold... Not Just For A Safe Haven

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*Gold has been a safe haven but proved to be more post-Brexit.
*We expect it to be the last safe haven as Japanese insiders are choosing it over the other safe haven, yen.
*We expect gold to rise in this multi-year inflation cycle.

We recently recommended gold (NYSEARCA:GLD). We see gold being more than a safe haven which may be confirmed by recent post-Brexit price action. We see gold going up in any market (NYSEARCA:SPY) conditions. We see oil and the coming inflation cycle being a multi-year driver to the gold story.
Gold Has Been A Safe Haven
In the pre- and post-Brexit world gold has been a safe haven. Investors look to gold to see if equities will take it up or down. The yen, not the dollar (as we have shown), has proven to be the global safe haven currency.
Look at this chart to see yen (NYSEARCA:FXY) and gold as safe havens.
Here you see gold and yen moving together. Part of the reason is that both have been seen as a global safe haven of late.
But Elazar expects gold to be the last safe haven standing
Yen insiders are selling yen to buy gold
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Chaim Siegel has been working with hedge funds and mutual funds as an analyst and PM his entire career. Chaim specializes in earnings and predicts, analyzes and reacts to earnings and earnings events as well as developing current company stories with a hedge fund perspective. If you want his analysis real time sign up to the right for real time email alerts. #in, $spy, $qqq, $iwm, $vxx, $ycs, $fxe, $EUO, $YCS, ^GSPC, INDEXSP:.INX, #elazaradvisorsllc, CME Globex: ES Disclosure: These trades can lose you money and principal especially when using leverage BY USING THIS SITE YOU AGREE TO TAKE ALL RESPONSIBILITY FOR YOUR OUTCOMES AND LOSSES AND HOLD BESTIDEAS, ITS CONTRIBUTORS AND ELAZAR ADVISORS, LLC HARMLESS

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